Member Info for mrc_mrc_mrc_mrd

Nice

Little rise tomorrow perhaps!

https://youtu.be/emfJ1Lpisns

I recall you suggested some sort of guaranteed pricing or similar for the transition some time ago. Maybe you will get something like that out of this review…I don’t see any other way that companies will continue to invest in cyclical projects here.

I still can’t think of a better place to put my money. Timescale has slipped a bit but this has been a very good year for holders, both in SP and in the health of the company. Well placed now and we have a good 2 year run ahead of us in my view.

Dividends in 2023 I think, and production steady at 50k for the next few years with minimum capex.

It will be interesting to see how this all shakes out.

This may be key if it provides some basis that labour and conservatives can get behind it

“The North Sea will continue to remain the foundation of the UK’s energy security during the transition to net zero and maintaining investment is key.
This is why we will be consulting stakeholders over the coming months as part of a review of the UK’s long-term tax treatment of the North Sea after the Energy Profits Levy ceases to ensure the regime delivers predictability and certainty, supporting investment, jobs and country’s energy security. The review will report by the end of 2023.”

Not sure if this has been posted, but worth a read for anyone who is confused!

https://www.gov.uk/government/publications/autumn-statement-2022-energy-taxes-factsheet/energy-taxes-factsheet

As a minimum I would say all capex. The kraken lease may also be eligible.

Depends how it is implemented. I would suspect not to be honest as upside is limited by contracts for these small scale generators.

A positive is that it gives labour less ammunition and reduces their chances at the next election. We have a couple of good years to make a decent amount. And the tories have a couple of years to get themselves into an electable position!

Meh, it is what it is.

A lot of money to be made in the next 2 years.

The basin will decline now and it will be a brave company that decides to invest in major projects. But that doesn’t mean that there isn’t opportunity for Enquest to sweep up on decomm and late life. And new energy of course.

Bressay as a tie back still a possibility but I expect a big full sacral development is now dead.

Electricity generators are getting a 45% windfall tax

Electric cars will be taxed from (I think ) 2025

That’s it confirmed - as of 1st jan and until 2028 the EPL is 35%

Yep, and constant abuse of the one poster who actually provides some valuable information. Robs - I appreciate your input.

For me it is priced in (more than). We are down 10% on the rumour (this week alone).

Yes very good Quest, you’ve got a really big one

Lol, of course they are to blame. There would be no missiles at all if Russia wasn’t try to freeze children and old ladies to death.

Lol and the directors will need lubrication too. Maybe an entrance fee to cover their costs for the night?

It’s the way of things. Put the SP up and mugs will buy in thinking that there must be a reason for it. Same people will be selling when the SP is dropped back.

Gas is up today

Looks like MMs taking advantage of this “news” and raising the SP to tempt in buyers.

Looks like the sales bandwagon is hitting the road? Only PIs would be interested now so guess it makes sense.